TSX Composite jumps 0.9%, loonie remains unchanged

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TSX Composite jumps 0.9%, loonie remains unchanged

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 TSX Composite jumps 0.9%, loonie remains unchanged
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The S&P/TSX Composite Index closed 0.9 per cent higher at 19,562.38 points as gains in the base metals and information technology sector propelled the shares higher on Monday, September 19.

The base metals sector was up by 3.2 per cent and the IT sector increased by about 1.3 per cent. Meanwhile, the energy and the industrial sectors were up by 0.7 per cent and 0.9 per cent.

One-year price chart of TSX Composite Index along with SMA 20-day, SMA 30-day, SMA-50-day (September 19). Analysis by © 2022 Kalkine Media®

Volume Active

Barrick Gold Corporation (TSX: ABX) recorded the highest trading volume of approximately 17.2 million shares, and its share price surged by 1.08 per cent during the trading session.

Meanwhile, Manulife Financial Corporation (TSX: MFC) recorded a volume of 15.02 million shares. Also, Suncor Energy Inc. (TSX: SU) was the third most volume active stock as 14.38 million SU shares exchanged hands on the Toronto Stock Exchange (TSX).

Wall Street Update

The equity markets in the United States closed higher on September 19. The NASDAQ Composite was up by 0.76 per cent and closed at 11,535.02 points. Meanwhile, the NYSE Composite edged higher by 0.7 per cent and closed at 14,674.46.

Commodities

The price of gold for delivery in December increased by 0.06 per cent to US$ 1,684.55 per troy ounce. In terms of crude oil, the Brent oil contract for November surged by 0.6 per cent to US$ 91.9 per barrel.

Currency news

CAD/USD remained unchanged at 0.75, and the CAD/EUR remained unchanged at 0.75.

At 109.37, the US Dollar Index Futures were down 0.13 per cent.

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